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Olajumoke Orisaguna is set to start her own bakery but she needs N5million

Agege bread hawker turned model, 28 year old Olajumoke Orisaguna needs more than N5 million to start a bakery!

There are plans by Sijibomi Ogundele (of Sujimoto
Construction) to bankroll a bakery for the Iree-born hairstylist who
photo-bombed TY Bello’s shoot of Tinie Tempah on February 2, 2016 and
became a celebrity.
Last month, Sijibomi Ogundele told ENCOMIUM Weekly: “For the
past few months we have known her, we realized that Olajumoke is a
lifetime project. We want to engage her, not just giving her an
apartment, what would happen if the rent expires in the next five years.
Yes, she is a model but that is not enough. She is a mother of two and
her husband does not have work, we pay her monthly salary but before the
end of the year, we want a bakery for her. Her story came from selling
bread, hopefully by the grace of God. We pray God gives us life and
hope, we would create the bread of hope where she would work.

Olajumoke is like an entrepreneur, she knows how to add this
to that, we are trying to maximize her potentials. No matter how small
the bakery would be, we want to try to see if we can do that.”And aside the building for the bakery, more than N5 million will go into the purchase of equipment and materials. The budget also excludes staffers that will man the bakery.

An expert ENCOMIUM Weekly spoke to explained all the cost centers the mother of two daughters will need to kick off…

JOSEPH IJEMBA (Precious Bakery, Haruna, Ogba)How much will it cost to start a bakery business?
It depends on the locality, that is, the area where you want to erect
the bakery. Doing a bakery business in Matogun is quite different from
doing it in Ikeja, Obalende and several other places in Lagos state.
Things to consider are the targeted consumers.
There are areas where you do not have to make bread because people
won’t consume it because they prefer the Agege bread. But setting up a
mini – bakery nowadays, let me just call it mini, you must have at least
N5 million.
The N5 million, does it include the building rentage fee? No, not at
all. The N5 million is after you must have gotten the land and building
for the business. The N5 million covers the machines and the ingredients
for starting the business.Can you mention some of the machines used in bakery business and how much they cost?
We have the milling machine which is between N2 million to N3 million
depending on how big the bakery is. The oven which can be classified
into two major parts, that is the electric and the local oven. The local
oven is the mud oven, while the electric one has different types as
well.
We have the tunnel, rotary and deck electric ovens. There are other
types too. Let’s just make do with these three. The tunnel oven is 20
and of course it is for very big bakery. May be the type that will serve
the whole nation. The rotary oven is between N5 million to N10 million.
You can also get the fairly used rotary oven for N2.5 million or N3
million.
Then the deck oven can be gotten between N1 million and N1.5 million.
That is what I use here. Other machines that we use are the slicing
machine which is about N300,000, the moulding machine which is N1
million, the cutting table (made of stainless steel) is the scale which
can be the digital scale or the normal scale and this must not be less
than 10 kg. You can get these for N15,000 or N20,000 or N50,000. So
those are the machines.It seems all the machines are quite expensive compared to perception. Is the business so lucrative?
The business used to be a very lucrative one. Before now there used
to be a lot of profit in it until the price of the machines and
ingredients skyrocketed.Talking about the ingredients, how much do you buy them?
The flour is now N11,200 per bag, sugar is N20,000. Those are the
most expensive. You can still buy, salt in bit because we use more of
sugar than salt. At least, we use 6.5kg of sugar for one bag of flour.Which other things do you need to put in place after all these before business can kick start?
You have to register your business name, your brand name, the bakery
and you have to register with NAFDAC too since you are producing food
item. They will have to check on you and make sure everything is in
place.What about the baking pan, how much do you get them?
It depends on the size. Here, we only bake two sizes which is the big
size, that’s the N250. And the medium size, that size of pan is between
N150 and N250. The quantity of bread you make daily determines how many
you will get.